renzogv22

Next bitcoin Rally

Short
renzogv22 Updated   
BITMEX:XBTUSD.P   Bitcoin
Today we got to a key level reaching the .618 fib (13500/14000) taken between 20k got on dec 2017, and 3200 dec 2018. This has been a crazy rally which i was not expecting which such violence..., that said, my guess is we reached the first top for this massive rally ahead. Now its time for a break, a good and healthy correction, which will give a chance for new people to enter the sistem, and for us to refill our bags. I don think this correction will take long, and also dont expect it to last long either. This is a complete different market, where things happen fast, so i guess we will have a quick drop to the pointed area and then continue the rally.
Disclaimer this is not financial advice at all

Good luck everyone.
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Comment:
will start to add to my position on the white support, that white support will be a key level to maintain for the bulls. We have the trend line, the MA50 on daily and a possible double botton there (will be checking the volume in case we really get that place). In case we do get there, and break downwards ill be watching between 9k and 7k with scaled orders for the .5/.618 fib levels. Will see on the upcoming hours / days

Good luck
Not financial advice
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